The head of the IMF stated the stability of the world economy in the context of conflicts
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The global economy has proven “remarkably resilient” to geopolitical shocks and the fallout from regional conflicts, International Monetary Fund (IMF) chief Kristalina Georgieva said during a speech at the World Government Summit in Dubai.
“While uncertainty is still high, we can be a little more confident about the economic outlook because the global economy has proven surprisingly resilient. In 2023, growth rates exceeded expectations, and in 2024, global core inflation is projected to decline,” said Ms. Georgieva (quoted by TASS).
According to her, medium-term growth prospects for the global economy “remain modest” – up to 3% per year. The head of the IMF emphasized that external factors, in particular the development of artificial intelligence, could have a positive impact on this indicator. However, according to Ms. Georgieva, technology can only widen the gap between countries.
According to the January update of the IMF’s report on global economic prospects, its growth in 2024 will be 3.1%. At the same time, the January forecast turned out to be two percentage points higher than the October data. In turn, the inflation rate, according to the IMF forecast, will drop to 5.8% in 2024.
Read more about the prognosis of ARZS in the material “The reasons for global slowdown are being selected.”
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